By Susanna Moon
Chicago, July 15 - Deutsche Bank AG, London Branch priced $27.5 million of 0% market contribution securities due July 19, 2011 based on the performance of the Deutsche Bank Allocator Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10,000 plus any index gain.
If the index falls, investors will be exposed to the loss.
The index is intended to reflect the effect of a dynamic allocation strategy in respect of the Deutsche Bank Mean Reversion Enhanced ERAC index and the Deutsche Bank Commodity Harvest USD ERAC Index. The allocation of the index to the base indexes, which is reset monthly, is based on a momentum algorithm that aims to offer upside exposure to commodities while limiting potential downside exposure.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Market contribution securities
|
| Underlying index: | Deutsche Bank Allocator Total Return
|
| Amount: | $27.5 million
|
| Maturity: | July 19, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10,000
|
| Payout at maturity: | Par plus index return; exposure to losses
|
| Initial level: | 561.9906
|
| Pricing date: | July 13
|
| Settlement date: | July 19
|
| Agent: | Deutsche Bank Securities Inc.
|
| Fees: | None
|
| Cusip: | 2515A05R0
|
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